Thursday December 11 2025
News Source: Global Exchanges
Focus: Stock Exchange Regulation
Type: General
Country: Philippines
The Securities and Exchange Commission (SEC) proposed the Draft Memorandum Circular on the Minimum Public Ownership Rule for Issuers of Shares of Stock to be Listed on an Exchange.
The draft Memorandum Circular provides a tiered approach to public ownership requirements, calibrated to issuer size and intended to balance multiple policy considerations, including market liquidity, investor protection, capital formation, and overall market competitiveness.
In developing the proposed framework, the Commission also considered observations on market absorptive capacity and prevailing investor risk appetite, as well as global and regional shifts in initial public offering activity and evolving approaches in peer markets.
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